JAKARTA. PT Intranet Pratama Inonesia, a subsidiary of PT Tera Data Indonusa Tbk (AXIO), has secured an extension of the credit tenor received from PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).
The credit facility that was granted an extended tenor is the working capital credit of IDR 1 billion, a bank guarantee facility of IDR 3 billion, an investment credit 1 of IDR 9.71 billion, and an investment credit 2 of IDR 30.59 billion. “Therefore, the total exposure now clocks up to IDR 44.3 billion,” the management of BBRI confirmed in the agreement letter to AXIO.
The extension of the working capital credit is another 12 months after the iniital maturity date of the credit on May 27, 2022. Similarly, the bank guarantee facility will also be available for another 12 months after maturing on May 27, 2022.
According to idnfinancials.com data, AXIO recorded revenue of IDR 123.22 billion in the first half of 2022. Meanwhile, the revenue in this period shifted 59.83% higher than the number seen in the same period last year, as did its net profit by 89.20% year-on-year (yoy) to IDR 2.53 billion. (KR/ZH)